- The supply on the market was subscribed 2.7 occasions by non-retail traders on day one, yesterday.
- The corporate obtained bids for a complete of over 3.5 million shares for a proposal measurement of 1.28 million shares for non-retail traders.
- The supply is carried at a flooring price of ₹578.60 per fairness share, which at a reduction of 12% in comparison with Tuesday’s closing price.
The shares of
The OFS was opened to retail traders at present and is witnessing sturdy demand. It was subscribed 2.7 occasions by non-retail traders on day one (November 24).
Yesterday, the corporate obtained bids for a complete of over 3.5 million shares for a proposal measurement of 1.28 million shares for non-retail traders. The corporate has reserved a complete of 10% of the supply measurement, aggregating to over 1.42 lakh shares for retail traders.
Commercial
The ground price of ₹578.60 per fairness share is at a reduction of 12% in comparison with Tuesday’s closing price. The promoter is offloading stake to realize the minimal public shareholding within the firm.
Ingersoll-Rand indulges within the enterprise of producing and promoting industrial air compressors of varied capacities and its spare elements.
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